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Resources such as land, capital, and national income correct; GDP GNP NNP measurement excludes capital gains illegal income.
Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.
Firms, households national income correct; GDP GNP NNP measurement excludes capital gains illegal income.
Ref: NCERT Economics Class XII Chapter 1 National Income Accounting explains GDP GNP NNP measurement methods circular flow concepts clearly.
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